Following the very successful capacity increase of its syngas production
facility in Bay City, Texas, USA, the chemical company Oxea is in the
last stages of completion of a feasibility study of additional
downstream plant expansion projects. The project is examining various
scenarios to boost the plant's capacities, as well as the further
optimization of Oxea's product portfolio at the site. The study is
scheduled to be completed during the fourth quarter 2012. Oxea's Bay
City plant is a large world-scale facility for oxo chemicals such as
oxo-alcohols, carboxylic acids and acetate esters.

“There is a continuously growing demand for oxo chemicals from an
increasing number of industries. Oxea's oxo-alcohols and carboxylic
acids, for example, are building blocks for among others phthalate free
plasticizers or energy-efficient lubricants for the manufacturing of
environment-friendly cooling systems, and are therefore in high demand,”
said Miguel Mantas, Executive Board member for Marketing and Sales.

“Thanks to our advanced technology and know-how, Oxea's highly skilled
cross-functional teams are well suited to identify and evaluate
potential expansion projects. We have proven many times that we can
implement such challenges quickly and cost-effectively,” added
Dr. Martina Flöel, spokesperson for Oxea's Executive Board and, among
others, responsible for Global Operations.

Oxea is a global manufacturer of oxo intermediates and oxo derivatives,
such as alcohols, polyols, carboxylic acids, specialty esters, and
amines. These products are used for the production of high-quality
coatings, lubricants, cosmetics and pharmaceutical products, flavourings
and fragrances, printing inks and plastics. In 2011, Oxea generated
revenue of about EUR 1.5 billion with its 1,365 employees in Europe, the
Americas and Asia. For more information, visit www.oxea-chemicals.com.